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Calculate debt to equity ratio in % The 2024 income statement of Adrian Express reports sales of $19,310,000, cost of goods sold of $12,250,000, and
Calculate debt to equity ratio in %
The 2024 income statement of Adrian Express reports sales of $19,310,000, cost of goods sold of $12,250,000, and net income of $1,700,000. Balance sheet information is provided in the following table. 1. Calculate the four ratios listed above for Adrian Express in 2024 assuming all sales are on credit and current liabilities consist of accounts payable and salaries payable. Note: Use 365 days in a year. Round your answers to 1 decimal place. Do not round your intermediate calculationsStep by Step Solution
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